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Canada's federal debt has reached levels never before seen in the country's history, and the Trudeau Liberals continue to spend as if there is no tomorrow. The new federal deficit will reach at least $1.06 trillion dollars ($1,060,000,000,000.)
That's a lot of zeroes.
Shadow Finance Minister Pierre Poilievre tweeted out several jaw-dropping statistics on Wednesday, blasting Trudeau for landing Canada in a debt that will take generations to pay off.
Among the starting statistics is that Trudeau’s coronavirus response plan has cost "the most and achieved the highest unemployment in the G7."
Canada's unemployment rate sits at a startling 13.7 percent—putting it in the company of famously flaccid economies like Spain and Greece.
The United States performed slightly better than Canada, holding an unemployment of 11.1 percent.
The Trudeau government's deficit tallies up to over $343 billion dollars. By comparison, the Harper government's total spending equaled $283 billion in its final year.
Trudeau's decision alone to extend the Canada Emergency Response Benefit (CERB) would add additional $64 billion to the federal treasury.
On Wednesday morning, Conservative Party Leader Andrew Scheer called upon Trudeau to use the startling economic snapshot as an indicator that Canada should implement "the back-to-work bonus, to fully fund the auditor general's office... and to put forward a transparent plan to guide Canada's recovery."
Scheer had previously criticized Parliament's decision to allow tax filers who earn up to $1,000 a month to qualify for benefits, noting that it was unfair to businesses who are seeking employees. Rather than providing funds based on employment, Scheer said, funding should be phased out by fifty cents per dollar earned through an employer, up to $4,500 a month.